Thomas Hout’s Article In HBR Discusses A New Approach to the US-China Trade Deficit

Fletcher adjunct professor Thomas Hout writes about, “A New Approach to Rebalancing the U.S-China Trade Deficit” in his article published by Harvard Business Review.

Trade tariffs have not loosened the US trade deficit with China. The US needs to rethink ways to tackle this growing problem and rebuild domestic production. China currently sells four times to the United States what the United States sells to China in return. Hout discusses solutions including his idea for a cap-and-trade system in this article.